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HomeMy WebLinkAboutT8-16 Ordinance No. T8-16 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2015 FOR GENERAL OBLIGATION REFUNDING BONDS, SERIES 2010C WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S5-10, An Ordinance Providing for the Issuance of $4,755,000 General Obligation Refunding Bonds,Series 2010C,of the City of Elgin,Kane and Cook Counties,Illinois, and Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the Principal of and Interest on said Bonds; and WHEREAS,the levy of the tax for the year 2015 provided in the ordinance is unnecessary. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1. That the County Clerks of Kane and Cook Counties, are hereby authorized and directed to abate a portion of the tax of$1,064,400 for the year 2015 as provided and levied in the ordinance providing for the issuance of$4,755,000 General Obligation Refunding Bonds, Series 2010C,passed October 13,2010,a copy of which was filed with each of said county clerks, said tax shall be abated by reducing said sum $718,000 and extending a tax for the year 2015 in the amount of$346,400 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. Section 2. That the City Clerk is authorized and directed to file a certified copy of this ordinance with the County Clerks of Kane and Cook Counties, Illinois, prior to March 10, 2016. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. 47David J. Ka in, M yor Presented: February 24, 2016 Passed: February 24, 2016 Vote: Yeas: 9 Nays: 0 Recorded: February 24, 2016 Published: February 26, 2016 1Y pic_ At st u 1141 .40 Kimberly Dewis, City Clerk + : 1� ..r 2�s State of Illinois) County of Kane) ss City of Elgin ) RECEIVED Recording Information MAR 032016 KANE COUNTY CLERK CERTIFICATE OF CITY CLERK I, Kimberly Dewis, DO HEREBY CERTIFY that I am the duly qualified City Clerk of the City of Elgin, in the Counties of Kane and Cook in the State of Illinois, and that as such City Clerk I am the keeper and custodian of the files and records of said City of Elgin and the seal thereof. I DO FURTHER CERTIFY that the attached is a full,true, and correct copy of: ORDINANCE NO. T8-16 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2015 FOR GENERAL OBLIGATION REFUNDING BONDS, SERIES 2010C passed by the Elgin City Council at its legally convened meeting held on February 24, 2016. In Witness Whereof, I have hereunto set my hand and affixed the corporate seal of the City of Elgin at the said City in the County and State aforesaid this February 25, 2016. LexG� F' 476' ll ,r' uR���M/ ``� '� Kimberly Dewi City Clerk �r�4 rrR.tiP This Instrument prepared by: Return to: William A. Cogley Kimberly Dewis Corporation Counsel Elgin City Clerk City of Elgin 150 Dexter Court 150 Dexter Court Elgin, IL 60120 Elgin, IL 60120 KANE COUNTY CLERK 719 S. Batavia Ave.,Bldg B Geneva,IL 60134 630/232-5964 DATE: S U�� I UNIT OF GOVERNMENT: C I ((( © t PERSON FILING: ork nct 4 1I 1 (a TZ - 1-14/ -r-C-i co, T9 - 1 (0 T9- IcaoT, z—1 13- 1C T/C-/ pl T It- 1 co T1 1 -1 - DEP Y CLERK KANE COUNTY CLERK